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Bulls Flagging Despite the firm.........>

CABLE TECHS
CABLE TECHS: Bulls Flagging
Despite the firm upside momentum carried through in recent sessions, the rate
has been able to add to gains following yesterday's break above the 1.31 handle.
To reinvigorate the upside argument, bulls look for a close above this level &
the 50-dma to accelerate the uptrend towards cloud top resistance at 1.3161.
Above here opens the 38.2% fibo at 1.3181, ahead of a run at the 1.32 area. On
the downside bears need to clear the 100 & 200-dmas at 1.2981/59, before
returning the focus to the 1.29 level and Apr 26 low at 1.2866.

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